The Critical Five Steps to Profitable Trading

Published on
May 9th, 2019
Topic
Technical Analysis, Risk Management, Portfolio Management
Duration
29 minutes

The Critical Five Steps to Profitable Trading

Technical Trader ·
Featuring Rick Bensignor

Published on: May 9th, 2019 • Duration: 29 minutes • Topic: Technical Analysis, Risk Management, Portfolio Management

Rick Bensignor, founder of the Bensignor Group, walks viewers through the five key steps to setting up successful trades and investments. He explains the importance of time frames for charts, discusses the role of recognizing trends, and reviews how to exit positions with minimal pain and maximum gain. Filmed on April 25, 2019 in New York.

Comments

Transcript

  • js
    jeffrey s.
    16 May 2019 @ 01:18
    Great presentation, me and #5 are old friends, pride before the fall. Took me much too long to realize that small losses make the world go 'round. I learned ichimoku from the lehman guide, but would like to see a cloud presentation by Mr. Bensignor. Great job RV!
  • JD
    Jeremy D.
    13 May 2019 @ 18:54
    Pure gold.
  • MF
    M F.
    13 May 2019 @ 06:47
    Good work..just the right amount of depth/time with substantive advice. The only constructive criticism I have which applies to a range of interviews, not just this one, is I prefer just to see the chart in full view all the time when presented, with the speaker's voice in the background, or just view the speaker alone but not both the chart and speaker at the same time b/c the charts are generally too small to read properly when its a split screen, although I don't know if others feel differently.
  • SS
    Shanthi S.
    12 May 2019 @ 22:23
    This was so good. I’m back for a second listen.
  • MN
    Michael N.
    12 May 2019 @ 06:48
    this was excellent thank you. Maybe next time if you can annotate your buy or sell and its targets that would be helpful. is it possible to explain how you use ichimoku clouds in your strategy at some point? thanks
  • SU
    Shakeel U.
    11 May 2019 @ 11:35
    Taking profits when they reach a certain price is poor advice. Better to maximise your upside by pushing up your stop loss as the stock price goes higher.
    • SS
      Shanthi S.
      12 May 2019 @ 22:22
      Yeah, I’m still learning, but can’t see why what you’re saying isn’t the better option.
    • JO
      Johnny O.
      13 May 2019 @ 09:00
      Agree, if it looks like it may have further to run. If it's looking overbought or oversold and technically stretched, and is an instrument quite capable of a non-subtle jerking reversal move, then it may be better to pull the trigger. There's also a psychological positive from executing your own profitable exits, as opposed to being taken out by stops.
    • RB
      Rick B. | Contributor
      14 May 2019 @ 20:29
      I'd say that is one option, but taking profits hardly "poor advise". Most trades have no true skill in placing sell-stops that don't get them knocked out, and as such, they get stopped lower than their intended target that got achieved. I was a commodities pit trader for a dozen years. We often knew where sell-stops were, and we did our best to make them go off whenever we could. Computers do the same these days. So unless you have very good skill in being able to determine where you can place a non-obvious sell-stop that still is also an effective one, I'd still say to take no less than half your profits when you reach your target. In my opinion, trading and investing are two very different animals, and not treated the same way in entry, risk, and exiting. - Rick
  • PP
    Parimal P.
    10 May 2019 @ 15:45
    Great presentation. Transcript has no charts, can you please update. Thanks.
  • PB
    Pieter B.
    10 May 2019 @ 12:19
    Thanks a lot for sharing Rick! This is great knowledge!
  • PF
    P F.
    10 May 2019 @ 12:09
    This was fantastic. Best TA interview yet on RV.
  • tr
    tom r.
    10 May 2019 @ 01:17
    Tom R Your photographer apparently doesn't think FOCUS is important. I notice that many of your videos are FUZZY especially the important charts. Charts are worthless if you can't read them. Otherwise, your videos are very good and worthwhile.
    • MB
      Martin B.
      10 May 2019 @ 06:51
      I had no focus issues. However I had them on other videos too.
  • DL
    Dillon L.
    10 May 2019 @ 01:06
    One of the best instructors ever on RV
  • SW
    Scott W.
    9 May 2019 @ 12:47
    Truly a masterful step towards realizing Raoul's stated objective of democratizing finance for non-pros! Loved it!
  • FK
    Firoze K.
    9 May 2019 @ 08:47
    Thank you Rick. All simple and effective pieces of advice. It's great to be reminded of them regularly! I will be checking the back of my knees more often! :)
    • MB
      Martin B.
      10 May 2019 @ 06:53
      I hope he's coming back with an ichimoku video